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VIC › Narre Warren › Wauchope Ave

15 Wauchope Ave, Narre Warren VIC 3805

For saleHouse

$700,000–$770,000

For sale

Asking range

$700,000

Last sold

17 Aug 2022

3

Bedrooms

1

Bathrooms

2

Car spaces

731 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $700,000–$770,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $700,000–$770,000(Listing record · 15 Oct 2022)
  • FactLand 731 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Narre Warren (last 5 years) with land size: median $1,193/m² of land (n=47). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 12% below the Narre Warren median recorded sale ($796,500, n=26, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Narre Warren's advertised median rent ($568/wk), implied gross yield would be 4.22% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 2 (GRZ2) under the ZN.(Vicmap Planning · 2 Sept 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$700,000–$770,000

Asking range · $958/m² of land

Last recorded sale $700,000 (17 Aug 2022).

Local land rate: recorded House sales in Narre Warren (last 5 years) with land size have a median of $1,193/m² of land (n=47). Districts calculation from recorded sales — not a valuation.

Narre Warren at a glance

28,665

People

$796,500

Median sale

$568/wk

Median rent

3.71%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Narre Warren report →

Vs Narre Warren

-12.1%

Median sale

Suburb $796,500

+0.51 pp

Gross yield

Suburb 3.71%

Suburb median $796,500 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$700,000
Stamp Duty (Victoria)
$37,070
Transfer/Registration Fee
$1,742
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$742,512

$42,512 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Narre Warren's advertised median rent — not a rent for this listing.

Net yield
2.72%
Annual cashflow (pre-tax)
$-17,364
Interest cover (DSCR)
0.52
Annual rent
$29,536
Operating expenses
$10,500
Loan amount
$560,000
Annual interest
$36,400
Gross yield
4.22%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 2

GRZ2

Jurisdiction

Casey

Casey, VIC

Official property report

The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.

Planning overlays

  • environmentalNot detected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 2 Sept 2026
  • Version: 1
  • Parcel: 689903

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

2022$700k$700k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$700,000–$770,000available15 Oct 2022
  2. Sold$700,00017 Aug 2022
  3. Listedprice unknowncompleted13 July 2022
  4. Listedprice unknowncompleted13 July 2022

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 2 · GRZ2 (ZN). Official parcel area about 727 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $568/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 2 · GRZ2 (ZN). Official parcel area about 727 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    Official parcel about 727 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Narre Warren in one glance

Narre Warren at a glance

28,665

People

$796,500

Median sale

$568/wk

Median rent

3.71%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Narre Warren report →

Keep researching

  • Why Narre Warren? Read the area thesis →
  • What else is on the market in Narre Warren →
  • Other records on Wauchope Ave →

Listing material

Listed by Sultani Real Estate

Perfect Double Story Home at the Best Location!

Sultani Real Estate proudly presents 15 Wauchope Avenue, located in the heart of Narre Warren, this home truly has everything you need.

The perfectly proportioned layout is ideal for a quality family lifestyle, featuring 3 spacious bedrooms with the master boasting WIR and full ensuite, 2 separate living areas, with plenty of sunlight and kitchen with stainless steel and quality appliances. Keep comfortable all year round with new evaporative cooling and Hydronic heating installed. Plus impresses with huge balconies for you to enjoy the beautiful views and the sunshine.

Located in a short walking distance to local primary and Secondary schools and Westfield Fountain Gate Shopping Centre, Monash Freeway, Bunjil Place, and Narre Warren Train Station, this property will be highly sought-after.

Read the full description

Main Features of the property:

- 3 Bedrooms

- 2 Separate Living Areas

- 2 Bathrooms

- Kitchen with Stainless Steel and Quality Appliances

- Double lockup Garage

- huge balconies

- Swimming pool

- Low Maintenance Gardens

- Heating: yes

- Cooling: Yes

- Dishwasher: Yes

Chattels: All fittings and fixtures as inspected.

Deposit terms: 10% of the purchase price.

Preferred Settlement: 30/60/90 days.

Amazing location, right in the middle of all amenities:

- Don Bosco Catholic Primary School

- Berwick Lodge Primary School

- Fleetwood Primary School

- Timbarra P-9 College

- Fountain Gate Secondary College

- Narre Warren Train Station

- Berwick Train Station

- Fountain Gate Shopping Centre

- Easy access to Fountain Gate shopping Centre

- Easy access to Cranbourne- Narre Warren Rd

- Easy access to M1

Call Sultani Sales Team for the best home in the prime location of City of Casey Narre Warren

Habib Sultani 0469 292 711

Hassan Ashrafi 0470 550 541

PHOTO ID REQUIRED AT OPEN HOMES.

Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such actions as is necessary, to satisfy themselves of any pertinent matter.

Listing description written by Habib Sultani, Sultani Real Estate — reproduced as published, not verified by Districts.

Property features

  • Living Areas: 2

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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